Data Check: Mahfud Says Economic Growth Never Reached 7% Post-Reform

Economics & Macro

Lite

Viva Budy Kusnandar 22/12/2023 20:17 WIB

URL has been copied

Memuat...

The economy cannot grow to 7% because of widespread corruption.

A Font Kecil
A Font Sedang
A Font Besar

Access single data

Data Check: Mahfud Says Economic Growth Never Reached 7% Post-Reform

Want to get more access to Data Stories with a more affordable price? Subscribe.

By subscribing, you join us in presenting quality data.

Get:

Premium Data Stories access
Comfortable reading without ads
Download data in XLS, PDF, and image format
Access to data source information

Basic

~~Rp100.000~~

Rp50.000/month

Professional

~~Rp100.000~~

Rp150.000/month

Institutional For organizations

We accept the following payments:

Some payment methods are still in the process of being activated.

Indonesia's Economic Growth (1961-2018)

Download

Source

A Small Font
A Medium Font
A Bigger Font

Vice Presidential Candidate number 3, Mahfud MD, stated that achieving 7% economic growth in a single year is unlikely. Such economic growth has never occurred in the history of Indonesian reformasi, last achieved in 1989 and 1990.

He made this statement during the second 2024 Presidential and Vice Presidential Debate, themed "People's Economy, Digital Economy, Finance, Investment, Taxation, Management of the State Budget/Regional Budget, Infrastructure, and Urbanization," held at the Jakarta Convention Center on Friday, December 22, 2023.

During his vision and mission presentation, Mahfud stated, "Even though Indonesia is rich, the economy cannot grow at 7% because of widespread corruption."

Data from the Central Statistics Agency (BPS) shows that the Indonesian economy once grew by 8% in 1995. However, post-reformasi, domestic economic growth has remained below 7%, as shown in the graph.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."